Fourth Consecutive Year For Award
Another prestigious honor for one of Putnam County’s utility companies.
American Electric Power has been named to Fortune magazine’s World’s Most Admired Companies list in the electric and gas utilities sector for the fourth year in a row. The survey measures nine attributes related to financial performance and corporate reputation.
“This recognition reflects our employees’ commitment to producing and delivering the safe, reliable energy that powers our homes and businesses, while investing in our communities and providing solid returns to our shareholders,” said Nicholas K. Akins, AEP’s chairman, president and chief executive officer. “AEP has a rich history of innovation, operational excellence and financial strength. As we transform into a next generation energy company, we are building upon this legacy and developing a smarter energy system to provide our customers with new technologies, more flexibility and cleaner sources of energy than ever before.”
Each year, Fortune surveys top executives, directors and financial analysts about the companies in their industry based upon nine criteria: financial soundness, use of corporate assets, long-term investment value, quality of management, quality of products and services, people management, innovation, social responsibility, and global competitiveness. A total of 680 companies from 28 countries were surveyed to arrive at the 2017 list.